This is sort of a perfect storm for refund requests: https://apnews.com/f18a0a48925a19586e4d810f6e88eff3 … The money is ~spent. COGS for college education rounds to zero; it's structurally CAPEX and OPEX.
-
-
I think people don't appreciate, when they hear about e.g. Harvard with the $X0 billion endowment, that most universities *don't have endowments*. There is *no equity layer to take losses.* They commit to paying a dollar every year for 30 years; they take in a dollar a year.
Show this thread -
Maturity transformation is a dangerous business to be in, regardless of whether you do share buybacks or not, and many more organizations are engaged in it than believe they are.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.